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Compare BMO Mid Corporate Bond Index ETF (ZCM) vs BMO Long Corporate Bond Index ETF (ZLC) to find the best fit for your portfolio. ZCM provides Pipelines, Power, and Banks exposures, while ZLC is primarily weighted in Power, Pipelines, and Transportation support activities. When evaluating costs, ZCM features a management fee (MER) of 0.3%, compared to 0.3% for ZLC. Performance-wise, ZCM has returned 0.71% year-to-date with +$93 M in net flows, whereas ZLC is at 0.88% with -$160 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
ZCM
ZLC
| AuM | $1,408.08 M | $295.18 M |
| Management Fees | 0.30% | 0.30% |
| Exp. ratio | 0.33% | 0.33% |
| Tracking Difference | - | - |
Historical performance and flows
As of May 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZCM | +0.60% | -0.24% | +0.71% | +4.37% | +18.97% |
ZLC | +1.65% | -0.30% | +0.88% | +3.54% | +15.39% | |
| Flows | ZCM | +$122 M | +$161 M | +$93 M | +$97 M | +$792 M |
ZLC | -$167 M | -$161 M | -$160 M | -$179 M | +$8 M |
ZCM vs ZLC exposure
Countries
ZCM
Canada
99.37%
ZLC
Canada
100.00%
Sectors
ZCM
Pipelines
30.02%
Power
14.74%
Banks
10.99%
Communication services
10.23%
Other financial institutions
10.04%
Real estate investment and services
8.24%
Other
15.75%
ZLC
Power
48.34%
Pipelines
13.79%
Transportation support activities
12.63%
Other
25.24%
As of May 1, 2026
Top 10 Holdings
ZCM
Brookfield Finance II, 5.431% 14dec2032, CAD
8.85%
Enbridge, 3.1% 21sep2033, CAD
7.19%
TransCanada PipeLines, 4.575% 20feb2035, CAD
6.43%
TELUS, 5.25% 15nov2032, CAD (CAG)
5.41%
Toronto-Dominion Bank, 4.133% 9jan2033, CAD
5.16%
Choice Properties REIT, 5.4% 1mar2033, CAD (S)
4.74%
Hydro One Inc, 4.25% 4jan2035, CAD (60)
4.51%
Inter Pipeline Ltd, 3.983% 25nov2031, CAD (12)
4.44%
TransCanada PipeLines, 5.33% 12may2032, CAD
4.08%
North West Redwater Partnership, 2.8% 1jun2031, CAD (N)
3.67%
ZLC
Hydro One Inc, 4.85% 30nov2054, CAD (58)
9.32%
CU Inc., 4.085% 2sep2044, CAD
8.62%
CU Inc., 3.805% 10sep2042, CAD
6.02%
Hydro One Inc, 5.49% 16jul2040, CAD
5.85%
Enbridge, 4.24% 27aug2042, CAD
4.83%
Greater Toronto Airports Authority, 2.75% 17oct2039, CAD (2019-2)
4.40%
Pembina Pipeline Corporation, 5.67% 12jan2054, CAD (22)
4.19%
Hydro One Inc, 4.39% 26sep2041, CAD
3.90%
Canadian National Railway Company, 3.95% 22sep2045, CAD
3.57%
TransCanada PipeLines, 4.34% 15oct2049, CAD
3.50%
Diversification
ZCM
Total weight of top 10 holdings out of 33 total
54.49%
ZLC
Total weight of top 10 holdings out of 36 total
54.20%
Characteristics
Compare
ZCM
ZLC
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Mid Term Corporate Bond Total Return Index - CAD | FTSE Canada Long Term Corporate Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.25% | 4.66% |
| Meets ESG criteria | No | No |
| Inception Date | January 19, 2010 | January 19, 2010 |
Frequently asked questions about ZCM and ZLC
Which ETF has performed better year to date: ZCM or ZLC?
As of May 1, 2026, ZCM has returned 0.71% year to date, while ZLC has returned 0.88%. ZLC is ahead on YTD performance.
Which ETF is larger by assets under management: ZCM or ZLC?
As of May 1, 2026, ZCM manages $1.41 B in assets, while ZLC manages $295.18 M. ZCM is the larger fund by AUM.
How are ZCM and ZLC managed?
ZCM is passively managed by BMO. It tracks the FTSE Canada Mid Term Corporate Bond Total Return Index - CAD benchmark. ZLC is passively managed by BMO. It tracks the FTSE Canada Long Term Corporate Bond TR Index - CAD benchmark.
What sectors do ZCM and ZLC emphasize?
ZCM is most exposed to Pipelines, Power, and Banks. ZLC is most exposed to Power, Pipelines, and Transportation support activities.
Which ETF is attracting more investor flows: ZCM or ZLC?
Year to date, ZCM has seen +$92.55 M in net flows, compared with -$160.42 M for ZLC. ZCM has attracted more net investor money so far.
How do the fees of ZCM and ZLC compare?
ZCM has an expense ratio of 0.33%, while ZLC has an expense ratio of 0.33%.
What are the top holdings of ZCM and ZLC?
ZCM's largest holdings include Brookfield Finance II, 5.431% 14dec2032, CAD, Enbridge, 3.1% 21sep2033, CAD, and TransCanada PipeLines, 4.575% 20feb2035, CAD. ZLC's top holdings include Hydro One Inc, 4.85% 30nov2054, CAD (58), CU Inc., 4.085% 2sep2044, CAD, and CU Inc., 3.805% 10sep2042, CAD.
Which ETF is more diversified: ZCM or ZLC?
ZCM holds 30 securities, while ZLC holds 33. On holdings count, ZLC is the more diversified portfolio.
Recent articles about ZCM and ZLC
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